Markets

Binance – the world’s largest crypto exchange – recently completed its 18th quarterly burn, marking its first quarterly auto-burn. The burn removed greater dollar-denominated value from the network than ever before. According to a blog post from Binance, the burn removed 1,684,387.11 BNB. At the time of writing, that’s $798,887,962 worth of tokens. 6296 of those tokens were ‘effectively’ burned through the Binance Pioneer Burn program, which counts BNB mistakenly sent to dead...

The world’s leading digital asset platform – Binance – has reportedly collaborated with the Gulf Energy Development PCL – owned by the Thai billionaire Sarath Ratanavadi. The main goal is to set up a cryptocurrency exchange in the Southeast Asian state. Establishing a Crypto Platform in Thailand Thailand has recently positioned itself in the spotlight of the cryptocurrency industry as locals have started embracing the asset class. At the same time, numerous experts opined...

Key Support levels: $3,000, $2,750 Key Resistance levels: $3,600, $4,000 ETH has been in a flat trend around the $3,300 level for some time now, unable to rally or go much lower. A strange equilibrium between market forces has kept the cryptocurrency at this level for the past week. The support at $3,000 has not been retested, nor was the resistance at $3,600 put under any pressure. The result is a sideways price action that shows indecision. Chart by TradingViewTechnical...

Stellar lumen price declined below the $0.2750 support zone against the US Dollar. XLM price is now trading below $0.2650 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.2620 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2650. Stellar lumen price is trading in a bearish zone below $0.2800 against the US Dollar, similar to bitcoin....

Ripple price started a fresh decline from the $0.8000 zone against the US dollar. The price is now trading below $0.7800 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.7600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it stays below the $0.8000 resistance. Ripple price is trading in a bearish zone below $0.8000 against the US Dollar, like...

The non-fungible token universe and blockchain-based games seem to have their own macro events that affect their growth. A set of reports by the analysis company DappRadar revealed that the number of NFT trades continues to increase gradually despite the adverse price movements in the digital asset industry. Additionally, the interest in blockchain-based games is also on the rise. NFTs and Blockchain Games Becoming More Popular Most cryptocurrencies have lost some price...

Coinbase – one of the biggest and most popular cryptocurrency exchanges in the world – has announced it will be giving each of its employees approximately four weeks each year (one per quarter) to fully recharge and rest up, as executives realize the workplace can be quite stressful. Coinbase Is Handing Out a Lot of PTO Coinbase chief people officer L.J. Brock explained in a company blog: This year, we’re experimenting with four recharge weeks (roughly one per quarter),...

Following a steady weekend, Bitcoin maintains the $42K range. Considering the options market strike prices and the technical analysis, bitcoin is expected to fluctuate in the $40K – $47K range in the next short term. Onchain data shows that long-time holders recently slowed down their selling pressure, and it seems that BTC is under consolidation. Options Market Analysis Since last month, the bitcoin price has been consolidating in the $40-42K range. Looking at the options...

Bitcoin and cryptocurrencies are one step closer to mainstream adoption as NCR Corporation, a leading manufacturer of automated teller machines (ATMs), has enabled customers to buy and sell crypto assets on its more than 750k ATMs and digital touchpoints across 140 countries. NCR Acquires Crypto Firm LibertyX The development comes after NCR announced the acquisition of ATM network company and cryptocurrency software provider LibertyX for an undisclosed amount. NCR initially...

Key Support levels: $1.2, $1.1 Key Resistance level: $1.5, $1.8 ADA surprised the market with a significant jump in price today which is fast approaching the key resistance at $1.5. The support at $1.2 did an excellent job in keeping the bullish momentum intact, and now ADA seems to be on a mission. Chart by TradingViewTechnical Indicators Trading Volume: The volume exploded today after a quiet Saturday, bringing confidence and significant momentum behind this bullish move....